CITY LODGE HOTELS LIMITED - Directors dealings in securities exercise of Share Appreciation Rights

Director’s dealings in securities – exercise of Share Appreciation Rights

City Lodge Hotels Limited
"City Lodge"
(Reg. No. 1986/002864/06)
(Incorporated in the Republic of South Africa)
Share Code: CLH    ISIN Code: ZAE000117792

Director’s dealings in securities     –   exercise   of   Share
Appreciation Rights (“SARs”)

In compliance with Rule 3.63 - 3.74 of the JSE Listings
Requirements, the following information is disclosed:

Director:                      C. Ross
Office held:                   Chief Executive
Name of company:               City Lodge Hotels Limited
Class of securities:           SARs   in  respect   ordinary
                               shares

Number of SARS:                39,929 SARs to be settled by
                               the purchase of 9,269 City
                               Lodge ordinary shares
Grant Price:                   R120.83
Grant Date:                    2 September 2013

Number of SARS:                42,108 SARs to be settled by
                               the purchase of 9,149 City
                               Lodge ordinary shares
Grant Price:                   R123.17
Grant Date:                    1 September 2014

Nature of Transaction:         On    market   purchase    of
                               ordinary shares pursuant to
                               the off-market exercise of
                               SARs awarded in 2013 and
                               2014,    which   respectively
                               vested on 2 September 2016
                               and 1 September 2017

Date of transaction:           13 June 2018
Number of shares:              5,524
Price:                         R155.00
Value of transaction:          R856,220.00
Nature and extent of
Director’s interest in the
transaction:                   Direct beneficial

Prior clearance to deal has been obtained from Mr B.T.
Ngcuka, Chairman of the Board of City Lodge, in accordance
with Section 3.66 of the JSE Listings Requirements.

Bryanston
14 June 2018

Sponsor
Nedbank Corporate & Investment Banking

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